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there is plenty of data to show that people don't even know what the fiscal cliff is. it shrinks rather than expands it. you don't spend. anti-keynesian has become the same politician involved in marriage and-- >> eliot: i distinguish between the two, the theological strand of the party is more of the social, same-sex marriage. >> i don't think there is as much distinction as you think there is. >> eliot: the second category, the tea part i began as economic empowerment. you're right. folks who say get government out of medicare, there is no logic to what they're saying. do youdo you buy it, but boehner is trying to harness and hold together that is fraught with inconsistencies. >> well, first of all i agree with sam. i think-- >> eliot: am i outvoted? i'm not sure that i like this. >> it's a distinction without a difference in the first two groups, and i don't think there is a third group left not with any power. do i think boehner is trying to rein in his caucus by sending a couple of rookie pitchers down to aa? if john boehner wanted control of his caucus he could d
there is plenty of data to show that people don't even know what the fiscal cliff is. it shrinks rather than expands it. you don't spend. anti-keynesian has become the same politician involved in marriage and-- >> eliot: i distinguish between the two, the theological strand of the party is more of the social, same-sex marriage. >> i don't think there is as much distinction as you think there is. >> eliot: the second category, the tea part i began as economic empowerment....
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Dec 7, 2012
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. >> now the question is, what goes on with the fiscal cliff? could the number get any better? >> i think that is the hope on wall street and republicans that have been talk ug for years and of the business community and to start spending down their profits and there might be a better sort of ofavalanche, if u will. the question is, what does that deal have to look like to unleash those hopes? it probably has to be something permanent and not a punt. >> the republicans talked about two things, though. one, as you say, is about certainty and they say that businesses need that certainty to start hiring but they've also warned that if tax rates go up on the wealthy that would have have a negative impact. >> i think republican orthodoxy is bad. if you raise taxes on the wealthy, absolutely, it's going to drag on growth a bit. but the hope is among the analysts is that the positive impact of getting certainty and beyond just certainty, seeing that washington can avoid a debt limit fight, that might help boost confidence that would be very conducive to job creation. >> you bring up a
. >> now the question is, what goes on with the fiscal cliff? could the number get any better? >> i think that is the hope on wall street and republicans that have been talk ug for years and of the business community and to start spending down their profits and there might be a better sort of ofavalanche, if u will. the question is, what does that deal have to look like to unleash those hopes? it probably has to be something permanent and not a punt. >> the republicans talked...
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Dec 5, 2012
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. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostat
. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for...
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Nov 30, 2012
11/12
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words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to
words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday...
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Dec 6, 2012
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as you know they talk about the fiscal cliff. some people say if the slope. some say it's a bungee jump. somebody says it is seascape word trip that's going to go down and up and so forth. bottom line i think it's no way to cover. it is a giant mistake to have all of this innate pool of ambiguity. as i understand it now coming due at no more. it truly is a stalemate. they're not talking. >> you point out the same players and the players who matter most are the president, speaker boehner. what do we know about the personal relationship that might eliminate what's going on right now? >> they've started out last year when they were working on the debt ceiling and they had buber called the merlot and nicorette meeting come in other words, boehner would have a merlot and obama which you nicorette. >> you point out in the boat somehow when they took the official photo, both of the spanish. >> yes, they had iced tea for obama. of course boehner had a cigarette and they put the cigarette in the ashtray away from the picture. but they haven't closed the deal on the pe
as you know they talk about the fiscal cliff. some people say if the slope. some say it's a bungee jump. somebody says it is seascape word trip that's going to go down and up and so forth. bottom line i think it's no way to cover. it is a giant mistake to have all of this innate pool of ambiguity. as i understand it now coming due at no more. it truly is a stalemate. they're not talking. >> you point out the same players and the players who matter most are the president, speaker boehner....
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Dec 3, 2012
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he was up again yesterday on "meet the press" talking about the fiscal cliff. okay? >> the president's plan when it comes to entitlement reform is a joke so i don't think they are serious about finding a deal. >> bill: isn't there anybody else they can book for these sundays shows except for lindsey graham? wab in iraq, lindsey graham. war on susan rice lindsey graham. fiscal cliff. lipped see graham. he is not the answer on every issue and the only guy in the united states senate but he is out there all the time. why are we still listening to john mccain and lindsey graham? >> they have to have something to do, you know. >> bill: don't they have other people they could book? i don't care. call mitch mcconnell. call al republican senator. right? tom grassley. whatever. there are a lot of people out there, bob corker. i hope stead we keep seeing lindsey graham as if he is the only guy over there. i don't know. i am on a tear this morning. >> he has to have something to do. before the susan rice thing -- >> >> bill: go shopping. >> when i heard lindsey graham talking a
he was up again yesterday on "meet the press" talking about the fiscal cliff. okay? >> the president's plan when it comes to entitlement reform is a joke so i don't think they are serious about finding a deal. >> bill: isn't there anybody else they can book for these sundays shows except for lindsey graham? wab in iraq, lindsey graham. war on susan rice lindsey graham. fiscal cliff. lipped see graham. he is not the answer on every issue and the only guy in the united...
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Dec 1, 2012
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would occur after the fiscal cliff deadline. the senate will organize itself at the start of the new year. so boehner's making threats that really have very, very little to do with reality. unfortunately, that seems like a lot of his approaches to this whole fiscal cliff debate. >> john nichols, great to have you with us. >>> there's a lot more coming up in the next half hour of "the ed show." stay with us. >>> we are a country of unlimited opportunity. we want the world's best and brightest to come here. >> house republicans pass an immigration bill. xavier becerra calls divisive and inferior. he's here to explain why, next. >>> the nation's first fast food strike is a historic protest for workers rights. the workers are fighting back and we'll tell you what it's all about. >>> and the white house debuts their first beau obama christmas video. but how does it stack up to barney cam? >> you're going to have to learn about the national parks if you want to be a junior park ranger. >>> welcome back to "the ed show." thanks for wat
would occur after the fiscal cliff deadline. the senate will organize itself at the start of the new year. so boehner's making threats that really have very, very little to do with reality. unfortunately, that seems like a lot of his approaches to this whole fiscal cliff debate. >> john nichols, great to have you with us. >>> there's a lot more coming up in the next half hour of "the ed show." stay with us. >>> we are a country of unlimited opportunity. we want...
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as you know, they talk about the fiscal cliff. some people say it's a slope. somebody said it was a bungi jump. somebody said it was a skate board trip, down and then up and so forth. bottom line, i think, it's no way to govern. it is a giant mistake to have all of this in a pool of ambiguity, and as i understand it now, you would know more. i mean, it truly is a stalemate. they are not talking. >> now, you point out that it's the same player, and, i think, you'll agree player that is matter most are the president, speaker boehner. what do we know about the personal relationship that might illuminate what's going on right now? >> well, they started out last year when they were working on the debt ceiling, and they had what are calledded the merlot and nicorette's meetings. in other words, boehner would have a merlot, and obama would chew nicorette. >> you point outside in the book somehow when they took the official photo, both of those vanished. >> yes. they had iced tea there for obama. of course, boehner had his seg represent, and they put the cigarette in
as you know, they talk about the fiscal cliff. some people say it's a slope. somebody said it was a bungi jump. somebody said it was a skate board trip, down and then up and so forth. bottom line, i think, it's no way to govern. it is a giant mistake to have all of this in a pool of ambiguity, and as i understand it now, you would know more. i mean, it truly is a stalemate. they are not talking. >> now, you point out that it's the same player, and, i think, you'll agree player that is...
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Nov 30, 2012
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the president traveled to pennsylvania to visit a small business today to talk about the fiscal cliff. unfortunately, it's the president and members of his own party who were proposing that we let many small businesses, as in hundreds of thousands of them, go over the fiscal cliff. simply put, that's why we don't have an agreement as yet. they said yesterday this is not a game. i used to be a small business owner. small business owners are regular men and women from all backgrounds who, in today's economy, are facing challenges on a daily basis. and the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because washington continues to spend too much. raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our economy doesn't grow, americans don't get new jobs. an
the president traveled to pennsylvania to visit a small business today to talk about the fiscal cliff. unfortunately, it's the president and members of his own party who were proposing that we let many small businesses, as in hundreds of thousands of them, go over the fiscal cliff. simply put, that's why we don't have an agreement as yet. they said yesterday this is not a game. i used to be a small business owner. small business owners are regular men and women from all backgrounds who, in...
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. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, ups
. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis...
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. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happ
. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas...
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Dec 1, 2012
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your thoughts about the fiscal cliff and talks being at a stalemate. caller: i am a democrat, and i did vote for obama. --i am not for raising taxes. i am not for running on an unbalanced budget. those are the things i speak for, not what other people in the democratic party say we spoke for. that is not what i said. that is not what i voted for. i voted for a balanced budget. host: how do you go about balancing the budget? let's take a look at this headline in the wall street journal. "republicans take aim at entitlements." caller: everything to me, it seeks an even level. since we are working now into will recall the world economy, i do not know how much that other countries have. if we are ahead of everybody else in debt for our population, then we are probably in trouble. if other people have a greater debt, it will all wash out when they pay us, we pay somebody else, they pay somebody else. it all evens out. host: we are going to leave it there. we want to let our viewers and listeners know that coming up we will discuss the mortgage debt relief a
your thoughts about the fiscal cliff and talks being at a stalemate. caller: i am a democrat, and i did vote for obama. --i am not for raising taxes. i am not for running on an unbalanced budget. those are the things i speak for, not what other people in the democratic party say we spoke for. that is not what i said. that is not what i voted for. i voted for a balanced budget. host: how do you go about balancing the budget? let's take a look at this headline in the wall street journal....
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Nov 29, 2012
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this is wicked boring. >> i bet the president will talk to him about the fiscal cliff and they'll talk about entitlement reform and maybe tax reform. but the one thing i don't think the president will do because the president is a gentleman, you know, what was up with the 47% and gifts? i gave gifts to people? he's not going to go there with mitt romney. one, as i said because he's gentleman, but two, he doesn't have to because mitt romney is coming there not as president of the united states, but guest of. and that's the best -- >> i now have a solid preduction. he will not once say the word yo. >> that was my own -- >> your artistic representation. >> richard, what i think, the only thing i'd find great about it is watching obama, the actor. as we just saw, oh, i thought he did a terrific job at the olympics, i loved watching that stream of i'm not sure what you call it, but it's acting. it's not coming from the heart. >> he does it very sincerely and look, we may never know what happens inside those quiet rooms that they're going to be having their meeting in, but here's what we kno
this is wicked boring. >> i bet the president will talk to him about the fiscal cliff and they'll talk about entitlement reform and maybe tax reform. but the one thing i don't think the president will do because the president is a gentleman, you know, what was up with the 47% and gifts? i gave gifts to people? he's not going to go there with mitt romney. one, as i said because he's gentleman, but two, he doesn't have to because mitt romney is coming there not as president of the united...
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talks. >> it doesn't come at an opportune time because of the fiscal cliff, both the talks and the idea we're short of money. traditionally, what this country has done is treated disaster separately. >> senators from the storm ravaged states believe the obama administration will propose roughly $50 billion in relief, far short of what the states want, $82 billion. >> is there that kind of money lying around? >> certainly not that kind of money lying around. it's such a complex time right now we're dealing with a host of issues. we're going over the fiscal cliffs. >> senator susan collins are facing budget cuts they would like to pay for the storm cleanup. the uncertain fate of the relief money comes little more than a month after the jaw dropping pre-rel pre-election image of president obama and governor christie shoulder to shoulder, a time when he promised to help victims quickly. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. >> the white house said the president remains committed. >> there's no question wha
talks. >> it doesn't come at an opportune time because of the fiscal cliff, both the talks and the idea we're short of money. traditionally, what this country has done is treated disaster separately. >> senators from the storm ravaged states believe the obama administration will propose roughly $50 billion in relief, far short of what the states want, $82 billion. >> is there that kind of money lying around? >> certainly not that kind of money lying around. it's such a...
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if we all end up diving off this fiscal cliff, it doesn't make the deficit worse. it makes the deficit better. it would go a long way toward curing the deficit, but the deficit isn't the immediate problem for most people, the weak economy is. >> i agree. >> and if we dive off the fiscal cliff, the economy could get much weaker. that's -- >> by the way -- >> -- millions of americans. it's a problem for barack obama. >> just to back you up, i really think the great thing is the economy is just starting to lift up a. the unemployment rate is really starting to come down. we're getting good job production. thank you so much, ladies, for coming on tonight. thanks for the sharp thinking we got tonight. >>> up next, if you can't win by the rules, change then. that's what republicans are trying to do in pennsylvania. they don't like the lerer toal college because it didn't work for them. come back for the place for politics. derate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon
if we all end up diving off this fiscal cliff, it doesn't make the deficit worse. it makes the deficit better. it would go a long way toward curing the deficit, but the deficit isn't the immediate problem for most people, the weak economy is. >> i agree. >> and if we dive off the fiscal cliff, the economy could get much weaker. that's -- >> by the way -- >> -- millions of americans. it's a problem for barack obama. >> just to back you up, i really think the great...
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Nov 30, 2012
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our guest in studio talking about the fiscal cliff and other political news from washington, d.c. yesterday, a historic luncheon at the whitehouse. >> peter: we are not serving turkey chili. we put up a picture of obama and romney in the oval. it's about as close as romney will ever get to that desk. we have it up on facebook for a caption contest. share yours. we will share some of the best ones on the air. facebook.com. >> we are just getting started. >> just getting started. nothing yet. we will let you know here soon some of the captions we get >> bill: go wild. be wicked. peter: have fun with it >> bill: i hope he rubbed it in a little bit. you thought you were going to win. >> do you want to have a seat in this chair? just kidding. >> bill: i. >> i am wondering if he was like, barack, can i have a seat? i hope he at least asked. i am not saying obama should have let him. >> bill: i doubt that he asked. >> i think the president would be thanks for coming down. we appreciate you a well-fought. >> bill: the president unlike the three of us. >> peter: right. i would be a total j
our guest in studio talking about the fiscal cliff and other political news from washington, d.c. yesterday, a historic luncheon at the whitehouse. >> peter: we are not serving turkey chili. we put up a picture of obama and romney in the oval. it's about as close as romney will ever get to that desk. we have it up on facebook for a caption contest. share yours. we will share some of the best ones on the air. facebook.com. >> we are just getting started. >> just getting...
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it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with my life. >> and congressman emanuel cleaver, great to have you on set with us. >>> coming up, nbc chief white house correspondent chuck todd. and later in the show, "the economist" crunched the numbers and came up with the best countries to be born in in 2013. and the united states does not top their list. we'll find out who does ahead on "morning joe." [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more s
it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with...
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about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our men and women in uniform, to please bless the loved ones who lost those in iraq and afghanistan. please, god, help get our troops home now and not later. i yield back. the speaker pro tempore: the chair recognizing the gentleman from oregon, mr. blumenauer, for five minutes. mr. blumenauer: mr. speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of
about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our...
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now, you talk about a fiscal cliff now? think about the cliff that members of congress are going to face because we didn't do our job in addressing this issue when the solutions were there in a relatively clear glide path that would be relatively unnoticed in most households. this is what will happen: there would be a 25% automatic cut to the retirement payments and the disability payments now going out in social security. that would be an average of $308 per month. now, the social security trustees put it straight out there. they said, they have two ideas to shore up social security right now. one is to immediately and permanently increase the combined payroll tax on employees and employers from 12.4% to 15%. so that would be a one-fifth increase in the payroll taxes that are in the norm being paid today. the other alternative they suggested is to cut core benefits right now. $200 per month they said would do it. $200 per month cuts in social security checks. i don't believe anybody believes that is feasible or desirable,
now, you talk about a fiscal cliff now? think about the cliff that members of congress are going to face because we didn't do our job in addressing this issue when the solutions were there in a relatively clear glide path that would be relatively unnoticed in most households. this is what will happen: there would be a 25% automatic cut to the retirement payments and the disability payments now going out in social security. that would be an average of $308 per month. now, the social security...
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we'll talk about that. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> we are watching a developing story in kansas city, missouri, right now. this is what police say appears to be a murder/suicide involving a 25-year-old nfl
we'll talk about that. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is...
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john boehner, house democrats, and president obama talk about the fiscal cliff. several live events to tell you about tomorrow morning. a report on british media practices that included among other things, phone hacking of people of in the new spirit that is on c-span 2. on c-span 3, the senate environment and public works committee will hear about the impact of hurricane sandy. coming up, former congressional leaders talk about what congress learn from the 1990 agreement. from the bipartisan policy center, this is under two hours. >> ok. welcome. i am the director of public administration program. i want to welcome you to the session, which we are calling looking back to move a forward. this is co-sponsored by george mason university and the bipartisan policy center. it is our pleasure to put this on and to recognize with all the frenzy about the fiscal cliff that we have a history. some of the history is successful in resolving deep seated hard choices. that is will we will look back and talk about today and see whether we can learn any lessons from the experie
john boehner, house democrats, and president obama talk about the fiscal cliff. several live events to tell you about tomorrow morning. a report on british media practices that included among other things, phone hacking of people of in the new spirit that is on c-span 2. on c-span 3, the senate environment and public works committee will hear about the impact of hurricane sandy. coming up, former congressional leaders talk about what congress learn from the 1990 agreement. from the bipartisan...
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Dec 5, 2012
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. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my panc
. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit...
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Dec 1, 2012
12/12
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many folks are talking about the fiscal cliff and if we can't have dialogue and decision making in the u.s. senate, then our government is unable to respond to the big issues that we face. and i can tell you my perspective comes from having gone first to the u.s. senate when i was 19. it was 1976 and i covered the tax act of that year and i saw amendment after amendment, brought up, debated, decided. that's the way the senate generally work. the senate is completely different today. it's paralyzed and broken in a way no one could have envisioned a couple of decades ago. >> i want to show some data on that point. culture motions have skyrocketed. percent of judicial nominees confirmed by the president for barack obama is 42.8%. you see there in the 90s and 80s and then they go down dramatically. and to give you a sense of how things have changed historically, this is an important historical document. we all know when we cover politics, they're counting votes. they only have 58 votes in the senate. not going to happen. this is from 1964 and this is a note from president lyndon johnson's
many folks are talking about the fiscal cliff and if we can't have dialogue and decision making in the u.s. senate, then our government is unable to respond to the big issues that we face. and i can tell you my perspective comes from having gone first to the u.s. senate when i was 19. it was 1976 and i covered the tax act of that year and i saw amendment after amendment, brought up, debated, decided. that's the way the senate generally work. the senate is completely different today. it's...
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Nov 29, 2012
11/12
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. >> brown: washington was a-whirl today with more talk of avoiding the much-discussed fiscal cliff. but as november wound down, the president suggested an agreement on taxes and spending could come in time for the holidays. >> i believe that both parties can agree on a frame work that does that in the coming weeks. in fact my hope is to get this done before christmas. >> you know me, i was born with the glass half full. i'm an optimist. >> brown: hopeful signs emanated from the white house and the capitol today, about getting a deal before the new year brings automatic tax hikes and spending cuts. president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. th
. >> brown: washington was a-whirl today with more talk of avoiding the much-discussed fiscal cliff. but as november wound down, the president suggested an agreement on taxes and spending could come in time for the holidays. >> i believe that both parties can agree on a frame work that does that in the coming weeks. in fact my hope is to get this done before christmas. >> you know me, i was born with the glass half full. i'm an optimist. >> brown: hopeful signs emanated...
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Dec 3, 2012
12/12
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CURRENT
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we're talking about the fiscal cliff. he said -- let's see. interest rates he was talking about are lower than they've been in our living memory. in fact, if there was ever a time for america to borrow more to put people back to work, rebuilding our schools and crumbling infrastructure, it is now. robert reich. see, i would listen to the guys that were there then in the clinton administration. we're asking you what you think why? because -- >> they're the ones who tanked the economy. >> stephanie: okay. lenny in wisconsin. your eaten "the stephanie miller show." >> caller: hi. how you doing, steph? >> stephanie: good. go ahead. >> caller: i have a few things to say. i hope you don't cut me off. >> stephanie: all right. >> caller: i'm a 62-year-old gay man who is on disability and i've got my -- because of scott walker, all of my healthcare removed. all of my food stamps removed. i'm making $700 a month. i have $500 a month in prescriptions which of course, i can't afford. so i had to decide which ones are the best for me to take and i have no
we're talking about the fiscal cliff. he said -- let's see. interest rates he was talking about are lower than they've been in our living memory. in fact, if there was ever a time for america to borrow more to put people back to work, rebuilding our schools and crumbling infrastructure, it is now. robert reich. see, i would listen to the guys that were there then in the clinton administration. we're asking you what you think why? because -- >> they're the ones who tanked the economy....
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that's the way it will be for much of december, unless there's a huge headline on the fiscal cliff talks. back with the mayor of phoenix trying to lure people away from california. stuart: businesses in california fleeing that state, tax rates, cost of doing business just too much. one place they are going to phoenix, arizona. here's why, according to the phoenix economic council, operating costs are 40% lower than in california. arizona so attractive to business that in the last eight years more than 60 california companies have relocated there. phoenix mayor greg stanton joins us right now. your honor, welcome to the show. good to have you with us. >> great to be on, thanks for having me. stuart: okay, now, you have got a great climate, understand that. your costs are 40% lower, but i want to know, did you prize those california companies over to you by giving them huge tax breaks? >> we want to make sure in arizona that we are as competitive as possible. stuart: is that a yes? programs, tax incentives, but look, a company is not going to move, a company is not going to expand in arizo
that's the way it will be for much of december, unless there's a huge headline on the fiscal cliff talks. back with the mayor of phoenix trying to lure people away from california. stuart: businesses in california fleeing that state, tax rates, cost of doing business just too much. one place they are going to phoenix, arizona. here's why, according to the phoenix economic council, operating costs are 40% lower than in california. arizona so attractive to business that in the last eight years...
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over the fiscal cliff with a family in virginia finger-pointing and washington continues and we now know when u.s. senator mark kirk will return to the senate and kate middleton out of the hospital ottawa8k÷ç<Ñlnh@Ñçú;ho>?úuú?úttz@z.ç@o@,npón=kí8+ñ<úpkxmz7p/pípçsúoÑ÷çpefo?÷hoo[.÷úvpop?mvñ-w?[ñ;÷oóñ8é>é?@vzç÷@m p]y>w4?8úú(.ú?lpñrtyd@z@3póé÷úyú,áy0=ipw@ñ@?/;<ó@óp,wúÑ>vi÷ñúkpñpñp?é÷v@%pu@zÑxuk ♪ ♪ ♪ pop goes the world ♪ ♪ it goes something like this ♪ [ female announcer ] pop in a whole new kind of clean with new tide pods... just one removes more stains than the 6 next leading pacs combined. pop in. stand out.president obama meeting with middle-class families to discuss how the fiscal clifton heard them while the gop is accusing the president of wanting to spend more taxpayer dollars he visited a high school english teacher in virginia to talk about how we $2,000 tax hike could hurt the middle class and make it difficult to pay rent and other necessities tax cuts passed during the bush administration will expire
over the fiscal cliff with a family in virginia finger-pointing and washington continues and we now know when u.s. senator mark kirk will return to the senate and kate middleton out of the hospital ottawa8k÷ç?úuú?úttz@z.ç@o@,npón=kí8+ñé?@vzç÷@m p]y>w4?8úú(.ú?lpñrtyd@z@3póé÷úyú,áy0=ipw@ñ@?/;vi÷ñúkpñpñp?é÷v@%pu@zÑxuk ♪ ♪ ♪ pop goes the world ♪ ♪ it goes something like this ♪ [ female announcer ] pop in a whole new kind of clean with new tide pods......
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Dec 7, 2012
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a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious to come back to us with a counter offer. >> the president told a virginia family on thursday he won't back down on taxing the rich. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. >> the rebels gain on assad raising fears he might use chemical weapons. that was enough to frighten the russians into talking with hillary clinton about a political transition. >> the united states stands with the syrian people in insisting that any transition process re -- result in a unified democratic syria in which all citizens are represented. the future of this kind cannot possibly include assad. >> a tragic turn of events in london. the nurse that first transferred that prank call to duchess catherine is found dead. david axelrod shaves it all off on "morning joe." >> joe scarbor
a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious to come back to us with a counter offer. >> the president told a virginia family on thursday he won't back down on taxing the rich. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this...
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Dec 3, 2012
12/12
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first, of course, talks over the fiscal cliff. they are going nowhere fast. democrats, they're basically telling republicans, hey, ball's in your court. we'll take you live to the white house for that. also, as the city grieves over an nfl player's tragic breaking point, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary of state hillary clinton today issuing another stern warning against syria, using these weapons. the syrian foreign ministry quick to respond here saying it would not use chemical weapons against its people if it had any, but this announcement as turkey is sending warplanes to its border with syria after the syrian military bombed a nearby town of ras al-ain. you can hear that and see the smoke. this is the turkish side of the border. this is fueling more fears that more of syria's violence will spill into its neighbor to the north, being turkey. security concerns are
first, of course, talks over the fiscal cliff. they are going nowhere fast. democrats, they're basically telling republicans, hey, ball's in your court. we'll take you live to the white house for that. also, as the city grieves over an nfl player's tragic breaking point, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary...
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Dec 4, 2012
12/12
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let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential....
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Nov 30, 2012
11/12
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john boehner said there has been no substantive progress in the fiscal cliff talks. >> whose fault is that. >> stephanie: yes, they have yet to get serious about real spending cuts. it's the same kind of rhetoric, isn't it? >> caller: i guess the election is not over. >> stephanie: yeah yeah, yeah. that seems to be the critical thing. they don't seem to realize that the american people have spoken. >> caller: i think everyone is trying to position himself here to get down to brass tacks which is what is going to happen before you go into oblivion. i'm not surprised with what is going on. the president made a proposal yesterday. $1.6 trillion in revenues which included $960 billion in raising marginal rates. we want the president to keep his promise. that's what the elections are all about. >> stephanie: that's right. we were just reading the latest "washington post" "abc news" poll and it echos the exit polls. 61% want those to pay their fair share, and 70% don't want them to raise the social security medicare eligibility rate. >> that's not the problem raising the rates on the well-
john boehner said there has been no substantive progress in the fiscal cliff talks. >> whose fault is that. >> stephanie: yes, they have yet to get serious about real spending cuts. it's the same kind of rhetoric, isn't it? >> caller: i guess the election is not over. >> stephanie: yeah yeah, yeah. that seems to be the critical thing. they don't seem to realize that the american people have spoken. >> caller: i think everyone is trying to position himself here to...
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Nov 29, 2012
11/12
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and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folksare kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here net. ♪ lou: focus nationwide is on the fiscal health of the federal government, but balancing the budget is not just a federal problem, and new rankings of this week shows some of our so-called blue states are awash in red ink. tonight we thought it would be interesting to take a look at three of those states, three of the biggest with the biggest problems. number one, of course, california. we want to credit 247 wall stet just naming california and the worst run state in all of the country. for a second ye row. way to go. one of the reasons is the unemployment rate, a pretty impressive. 11%. the second highest rate in the country. 2006 and last year. more than a third. and 16 percent of the population in california, 16 percent of the population lives below the poverty line in the g
and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folksare kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here net. ♪ lou: focus nationwide is on the fiscal health of the federal government, but balancing the budget is not just a federal problem, and new rankings of this week shows some of our so-called blue...
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Dec 7, 2012
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cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south carolina is leaving capitol hill to become president of the heritage foundation. don't cry for demint. the out-going president of the heritage foundation made $1.1 million according to 2010 tax filings. demint will do just fine. it's not just about the money. the senator realizes he could be more effective for the conservative movement if he's not attached to the dysfunctional party known as the republican party. in a statement, demint said "i'
cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on...
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Dec 4, 2012
12/12
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going to talk about iran, going to talk about syria, going to talk about the fiscal cliff impact on the world economy, and of course, the baby. coming out of buckingham palace. eventually. also, republicans are now out with a counteroffer on the fiscal cliff. congressman becerra is going to join us. republican ron johnson from the state of wisconsin will discuss the fiscal cliff and the negotiations for that, as well. plus the truth about all those myths that your parents told you. should you run with scissors? no, of course not. can you swim after you eat? no, of course not. the all-time jeopardy champion ken jennings has a new book out where he researchers all these myths and breaks it down. >> it's so funny. >> yes, yes. it's ahead this morning at the top of the hour on "starting point." >> oh, wow. thanks soledad. >> coming up, about catherine duchess of cambridge, right? and her royal bun in the oven and how we now have eight more months of speculation whether it's a boy or a girl, what they're going to make it. we're going to talk to elizabeth cohen when morning sickness is so ter
going to talk about iran, going to talk about syria, going to talk about the fiscal cliff impact on the world economy, and of course, the baby. coming out of buckingham palace. eventually. also, republicans are now out with a counteroffer on the fiscal cliff. congressman becerra is going to join us. republican ron johnson from the state of wisconsin will discuss the fiscal cliff and the negotiations for that, as well. plus the truth about all those myths that your parents told you. should you...
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Nov 30, 2012
11/12
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the industry, all at stake if we go over the fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as concern over threats to supply due to mideast violence offset ongoing demand worries and personal spending, are you part of this, it sold for the first time in five months dropping 0.2%. the commerce department is a debating that to hurricanes and the lowering wages and salaries by an annual rate of $18.2 billion. dave: we may get a dividend bust in the month of december and discuss all of these issues we have kevin in the pits of the cme and joe durant and united financial telling us what brand names are the best p
the industry, all at stake if we go over the fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in...
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Dec 7, 2012
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it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way through the pacific and a little girl who died as a result of an atomic bombing. it is unimaginable what that must of been like to be close to that center were that fireball originated. >> follow the journey to hiroshima sunday on american history tv. that is the 9:00 p.m. eastern. >> at a hearing on the so-called fiscal cliff, economists agree the problem has to be resolved immediately to avoid pushing the country into recession. they disagreed on how to raise the needed revenue. center bob casey chairs this joint economic committee hearing. it is an hour an
it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way...
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Dec 3, 2012
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well, investors are watching those fiscal cliff talks happening in washington. there was confidence. then there wasn't. we'll see what happens. on friday all eyes will be on that november jobs report. a couple of stocks you might want to keep your eye on today. dell, which got an upgrade from goldman sachs, and yahoo, which lost a $2.7 billion settlement in a mexican federal court late on friday. see what happens with those things impacting those prices. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities mo
well, investors are watching those fiscal cliff talks happening in washington. there was confidence. then there wasn't. we'll see what happens. on friday all eyes will be on that november jobs report. a couple of stocks you might want to keep your eye on today. dell, which got an upgrade from goldman sachs, and yahoo, which lost a $2.7 billion settlement in a mexican federal court late on friday. see what happens with those things impacting those prices. tdd#: 1-800-345-2550 when i'm trading,...
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Nov 29, 2012
11/12
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FBC
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and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folks are kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here next. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] e mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lea a 2013 ml350 for $599 a month at your local mercedes-benz dealer. now we need a little t more... [ male announcer ] at humana, we understand the value of quality time and personal attentn. which is why we are proud to partner with health care professionals who understand the difference that quality time with our meers can make... hat's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only nat
and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folks are kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here next. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] e mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lea a 2013 ml350...
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Nov 30, 2012
11/12
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FOXNEWSW
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how can yiu have a serious discussion about the, quote, fiscal cliff, when the president is talking about spending more, particularly when you look at the information coming out on how they spent the solar money, it's a scandal, how many billions of dollars they misapplied to lost causes, and how many people got rich out of government guarantees promptly cashing out as soon as they got the money. i think congress ought to slow down, have a lot more hearings and a lot more markups, and produce a number of separate small bills, and then let the senate democrats do they really want to go into 2014 as the obstructioniness senate or take up positive legislation and get something done. >> greta: quote, we don't need a surrender caucus, a shot at the senate republicans that they were giving in. if they take your advice, they have three or four weeks left before they hit the so-called sequestration or fiscal cliff. are you suggesting we go over it? >> first of all, there's no sign that speaker boehner is backing down. what i said in general to both house and senate republicans, to some of the mem
how can yiu have a serious discussion about the, quote, fiscal cliff, when the president is talking about spending more, particularly when you look at the information coming out on how they spent the solar money, it's a scandal, how many billions of dollars they misapplied to lost causes, and how many people got rich out of government guarantees promptly cashing out as soon as they got the money. i think congress ought to slow down, have a lot more hearings and a lot more markups, and produce a...
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the fiscal cliff is hanging on the market. as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop. phil: we have come down to that range several times over the last few weeks and that is when you had highest level supply out there and you didn't really have much geopolitical risk. we start to come back to that mode so we will scale back to that level before things heat up in the middle east and we have supply crunches due to the cold weather ahead of us. >> next week we have the final fit meeting of the year. the jobs report and everything we have been seeing. phil: we will see the fed continue o
the fiscal cliff is hanging on the market. as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next...
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Dec 7, 2012
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and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle class families and middle class earners the most. and so it really is -- i don't want to make this about class warfare. it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican,
and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle...